Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 37.01 Billion | USD 60.60 Billion | 5.63% | 2023 |
The global Personalized Packaging market size accrued earnings worth approximately USD 37.01 Billion in 2023 and is predicted to gain revenue of about USD 60.60 Billion by 2032, is set to record a CAGR of nearly 5.63% over the period from 2024 to 2032.
Packaging can be referred to as the process of covering, casing, and securing products from any external damage. Packaged items are available for storage, sale, and usage in many retail outlets, supermarkets, and hypermarkets. Personalized packaging is the method of packaging materials that when packed, stored, and shipped the product inside the package remains fully intact. Personalized packaging in, other words, can be called as customized packaging. So, basically in a personalized or customized packaging, the package of the product which is to be shipped is specifically and uniquely tailor-made to fit so that particular product fits into the package perfectly. The package is designed by the packaging engineer with the help of several tools and techniques. For example; cutting dices and printing plates.
Personalized packaging market is experiencing the highest growth rate in developed as well as developing countries. The advancements of printing technology in the packaging industry have resulted in upgradation and continuous innovation in the package development in many sectors of the industry. Many organizations are significantly spending their capital on research and development in order to come up with the exclusive packaging solutions to provide satisfaction and convenience to the customers. Ever-increasing demand from diverse industrial sectors for personalized packaging has boosted the development of the market. Manufacturers from different end-user industries are gradually using customized packaging in order to create a brand value and identity in the minds of the consumers.
Also, the rise in disposable income of the people, especially the middle class in developing nations is propelling the market growth. Ease of convenience, satisfaction, light weightiness and safety of the products are the main reasons which are influencing the customer minds. Thus, the organizations across the globe are expanding their manufacturing and production capabilities to cater to the needs and demands of customers. In addition, certain government initiatives in regions towards sustainability and the eco-friendly environment are foreseen to have a positive impact on the growth of the market. Hence, such factors are contributing to the personalized packaging market growth over the forecast period.
In order to give the users of this report a comprehensive view of the personalized packaging market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein material type, packaging type, and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, packaging type portfolio of various companies according to the region.
Report Attributes | Report Details |
---|---|
Report Name | Personalized Packaging Market |
Market Size in 2023 | USD 37.01 Billion |
Market Forecast in 2032 | USD 60.60 Billion |
Growth Rate | CAGR of 9.50% |
Number of Pages | 201 |
Key Companies Covered | ACG Ecopak, Owens Illinois Inc., Design Packaging, Inc., Elegant Packaging, International Packaging Inc., Smurfit Kappa Group, ABOX Packaging, Salazar Packaging Inc., Pak Factory Inc., CB Group, PrimeLine Packaging, SoOPAK Company, The Mondi Group Plc., ProAmpac LLC., Huhtamaki Oyj, Glenroy Inc., and others. |
Segments Covered | By Material Type, By Packaging Type, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The study provides a decisive view of the personalized packaging market by segmenting the market based on material type, packaging type, end-user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. The regional segmentation includes the historic and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. This segmentation includes demand for personalized packaging market based on all segments in all the regions and countries.
The report also includes detailed profiles of end players such as
Global Personalized Packaging Market: Material Type Segment Analysis
Global Personalized Packaging Market: Packaging Type Segment Analysis
Global Personalized Packaging Market: End-User Segment Analysis
Global Personalized Packaging Market: Regional Segment Analysis
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